ENGLISH CAPITAL WEST COAST DREDGING.

Press, Volume LVIII, Issue 10955, 3 May 1901, Page 3

ENGLISH CAPITAL WEST COAST DREDGING.

•tfth tkfE 0 ?^ 1 J dcvelt 'Pmcnt in connection ,Ul *" 6° i(i diedgi-g industry on tho Weat

Coast—the invest .merit of English capital in dredging areas between Hokitika and Ross— is reported. According to the information received by a Christchurch gentleman interested in these areas, n ei.ble message was received in Wollingtoa yesterday from the attorney of tho syndicate in London, fo the effect that the successful flotation of the Tastnnn Golden Gravels Dredging Areas is practically assured. Tho areas in question aro situated on the old bed of the Hokitika river, between the towns of Hokitika und ltos*. There ate 10 claims of RO acre, each, all of which have been bored, with excellent, results. This will involve the investment of between -.SO.OOO and £VKi,OOO oi English capital. A Christchurch syndicate has been formed, with a capital of £1500, to place on the London market similar areas, adjoining the Tasniim Golden Gravels, and called the Hokitika River Golden Gravels Syndicate. Mr A. E. Rir.g nnd others have the matter in hand. Ono boro has already been sunk, with a. result of 6 grains to the cubic yard, and it is intended to thoroughly prospect each area before finally forwarding particulars to London. CANTERBURY STOCK EXCHANGE. The following are yesterday's quotations, subject to the usual brokerage: — Al. buyers IS. pd. Holier Junction, sellers 10s 3d pr. Uhickwatcr' River, 6d dis. Callaghan's Creek, buyers 4a 6d pr. llol.son No. 2, sellers 10s pd. Earnsc'eugh No. _, sellers par. Electric, buyers 48s, sellers 49s 6<3 pd. Electric Extended, buyers 38s Gd, sellers 40a pd. l.rickson's Reward, sellers 21a pd. First Chance, buyers 203 pd. Golden Banner, sellers 10s pd. Golden Treasure, sellers 9.5s pd. Great Woodstock, sellers par. Greenstone, sellers 21s pd. Greenstone Creek, sellers 29s pd. Greenstone Junction, buyers 193, sellers 19s Od pd. Hokitika River, sellers Ss 6d pr. Kohinoor Extended, sellers par. Leviathan, buyers 21s, sellers 2'2s pd. Majestic, biiyura 28s .pd. Marsden No. 1, sellers 20s pd. Mokoia, sellers '21s pd. Maori King, buyers Is 9d, sellers 2s 3d pr. Nelson Crock, sellers 66s pd. New River, buyers 93 Cd, selleirs 9s 9d pd. Orwell Creek, sellers 20s pd. Pactolus, sellers 30s pr. Perry's Reward, sellers Cd dis. I Red Jacks, buyers 21s 3d, sellera 24s 6d I pd. Ross Day Dawn, sellers f.d dis. I Roxburgh Jubilee, sellers Is pr. ! Sailor's Bend, buyers 37s 6d, sellers 40s pd. Teviot. sailers 20s pd. Three Milo Greenstone, sellera 20s pd. Trafalgar, sellers, 7s Gd pr. Vincent Extended, buyers 31s, sellers 33s pd.. Victory, sellers 8s pr. Woodstock, buyers Is 9d pr. Yellowstone, sellers par, WEST COAST NOTES. (SI'KCIAL TO "THE I'RKSS.") GREYMOUTH, May 2. There are decided sign 3of a lift in the mining markot, all stock showing signs of vitality. Nelson Creeks, Pactolus, Buller Junctions, New Rivers, and Maori Queoii3 are being asked after. The Leviathan Company's dredgo is working admirably, and is going through an immense quantity of material. The claim will surely now got a fair trial. It will, however, take at least a fortuight to get on to soiid ground. The pontoons for the Shellback Company's dredgo havo been commenced, and a dam sito -.elected. The Keystone Boring Syndicate havo bottomed the Rerfton United Company's claim, near Ross. The prospects are poor, and another boro is to be put down in the middle of the claim. The Keep-it-Dark Gold Mining Company has declared its hundred and twenty-seventh dividend. The gold export from Greymouth last month was 30120z, valued at £12,018. The average for Const dredges last month was 2_oz sdwts per dredge per week for working time. (PRESS ASSOCIATION - TELEGRAM.) GREYMOUTH May 2. Tho Leviathan Company's dredge started work again to-day. Now that the ladder has boon lengthened she expects to be able to dredgo on tho bottom on any part of the claim, and got good returns henceforth.

THE DUNEDIN SHARE MARKET. (riIESS ASSOCIATION TELEGRAM.) DUNEDIN, May 2. Sales on the" Dunedin Exchange were recorded at tho following prices:—Chicago, 30s; Gro-n-ione Junction, 193 9d, 205.3d. 21s; Grey Rivor Consolidated, 9s; Golden River, ss; Inehholme, 4s Od; Kelly and Casey, 32s 3d, 32s Od; Morning Star. 2s 6d; Sailor's Bond, 333 3d. 38s 6d; Second Magnetic, 19s Od; Three Mile Greenstone, 17s 6d, IT3 9d; Lower Enfield, 2s dis. Otago Exchange sales—Alpine. Consols, 4.s 6d- Alpine No. 11.. 45s Od; Electric Extended, 38s fid; First Chance, 275; Fourteen Milo Bench, 32s 3d; Great Central, 20s Gd; Majestic, 22s Gd; Upper Magnetic. 20s Equitable Exchange sales—Ahaura River, 4s Cd; Boundary Crook, 18s; Golden Bed. 23s 3d; Naumai, 15s. Vincent Extended, 323.